中国民营企业跨国投资距离对海外子公司多元化影响的实证分析

发布时间：2018-02-24 23:01

本文关键词： 对外直接投资文化距离制度距离内部距离经营多元化　出处：《浙江学刊》2012年06期 　论文类型：期刊论文

【摘要】：本文运用跨国企业内外部距离的相关理论,对中国企业对外直接投资中与东道国的外部距离,以及企业国内母公司与海外子公司之间的内部距离,对企业海外经营活动多元化的影响进行研究。以2010和2011年浙江省有对外直接投资活动的民营企业为样本,实证分析了投资目的国的文化距离、制度距离、内部经营距离和经验距离对海外子公司经营范围的影响。实证结果显示,经营距离的影响显著,我国民营跨国企业的海内外母子公司间经营范围差异影响其海外子公司的经营多元化;而经验距离效果不明显,国内母公司未能充分将其行业经验用来支撑海外业务多元化的发展。同时,我国民营企业在对外投资活动中更关注与东道国之间的制度距离,而未能很好地考虑文化距离来发展其海外经营活动的多元化。
[Abstract]:Based on the theory of internal and external distance of multinational enterprises, this paper deals with the external distance between the foreign direct investment of Chinese enterprises and the host country, as well as the internal distance between the domestic parent company and the overseas subsidiary. This paper studies the influence of diversification of enterprises' overseas business activities. Taking private enterprises with FDI activities in Zhejiang Province as samples in 2010 and 2011, this paper empirically analyzes the cultural distance and institutional distance of the destination countries. The influence of internal operating distance and experience distance on the business scope of overseas subsidiaries. The empirical results show that the influence of operating distance is significant. The difference in the scope of operation between parent and subsidiary companies at home and abroad of private multinational enterprises in China affects the diversification of their overseas subsidiaries, but the effect of experience distance is not obvious. The domestic parent company has not fully used its industry experience to support the diversification of overseas business. At the same time, private enterprises in China pay more attention to the institutional distance with the host country in their outward investment activities. But failed to consider the cultural distance to develop the diversification of its overseas business activities.
【作者单位】：浙江大学管理学院;
【分类号】：F276.5;F832.6;F224

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